Tag Archives: Confounded

Chicago Levies PlayStation Tax To Pay For Bankrupt Municipal Pension System And Massive Deficits – Confounded Interest

Chicago IL (should be ILL) is the poster child for an insane pension program (mostly to municipal workers and public school teachers). But not only in the city of Chicago, but the state of ILLinois as well. Consider that the unfunded liability in the state’s combined retirement systems has risen in 11 of the state’s past 12 years—despite a roaring ...

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NY Fed’s Williams Says Strong Economy Warrants Further Rate Hikes (As Dow Crashes 800 Points And 10Y-2Y Slope Flattens To 10 BPS) – Confounded Interest

confoundedinterest17 Banking, ECB, Economy, Fed, Powell, SPX, Stocks, Trade, Treasury, Uncategorized, Volatility, Yellen, Yield Curve December 4, 2018December 4, 2018 0 Minutes The Dow crashed 800 points today, most after noon. Which is it? The fear that the Trump-Xie tariff truce is a big nothing burger? Or that NY Fed President came out after noon saying that inflation and jobs ...

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Oops! LIBOR Spikes Again (LIBOR Leads The Fed Target Rate Increases) – Confounded Interest

confoundedinterest17 Agency MBS, Bank of England, Bank of Japan, Banking, ECB, Economy, Fed, Inflation, LIBOR, Mortgage, Powell, Uncategorized, VIX, Volatility, Yellen November 30, 2018 0 Minutes The London Interbank Offered Rate (LIBOR) has been rising since The Federal Reserve began raising their target rate back in late 2015 and has accelerated as The Fed began rapidly raising its target rate ...

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Shareholders can’t sue us because they should have known we were lying (“puffery” defense) – Confounded Interest

Wells Fargo is adopting an unusual defense against a shareholder lawsuit: claiming, essentially, that shareholders can’t hold the bank accountable for CEO Tim Sloan’s statements that it was “working to restore trust” and be “more transparent” about its scandals – because it should have been obvious that Sloan was lying. The defense, which Wells Fargo put forth in a legal ...

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ECB Is Primary Buyer Of Italian Debt, But For How Long? (Italian Home Price Growth YoY ALMOST Positive!) – Confounded Interest

confoundedinterest17 Bank of England, Banking, Brexit, Deutsche Bank, ECB, Economy, Fed, Germany, Housing, Italy, Powell, Stocks, Trade, Treasuries, Treasury, Uncategorized, Volatility, Yellen October 28, 2018 0 Minutes How long will Italy last if and when the ECB stops buying their sovereign debt? Well, we know it isn’t the Italian banks and other Italian financial entites buying Italian sovereign debt. Mostly ...

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Dollar Libor at a 10-Year High Adds to Global Funding Headwinds (Fed’s Giant Electric Belt!) – Confounded Interest

confoundedinterest17 Banking, Economy, fannie mae, Fed, Freddie Mac, GDP, GSE, Housing, Inflation, LIBOR, Mortgage, Treasuries, Treasury, Uncategorized, Yellen October 17, 2018October 17, 2018 1 Minute (Bloomberg) — The global dollar benchmark rate that everyone loves to hate and which regulators have marked for extinction approached a 10-year high Wednesday, adding to strains on some emerging economies and U.S. companies alike. The London interbank ...

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Fear! Dow “Smart Money” Index Drops To Lowest Level Since April 2009 – Confounded Interest

confoundedinterest17 Bank of England, Bank of Japan, Banking, Currency, ECB, Economy, Fed, Greece, Italy, Powell, russia, Silver, SPX, Stocks, Trade, Treasuries, Treasury, TYVIX, Uncategorized, VIX, Volatility, Yellen October 19, 2018October 19, 2018 0 Minutes The Dow “Smart Money” Flow index has dropped to its lowest level since April 2009. The Smart Money Flow Index is calculated by taking the action ...

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Is The “Smart Money” Flow Index Signalling Recession? (It Signalled Dot.com Bust and Financial Crisis) – Confounded Interest

confoundedinterest17 Bank of England, Bank of Japan, Banking, Bernanke, China, CRE, Credit, Currency, ECB, Economy, Fed, GDP, Powell, SPX, Stocks, Trade, Treasuries, Treasury, TYVIX, Uncategorized, VIX, Yellen October 21, 2018October 22, 2018 0 Minutes The Smart Money Flow Index is a sentiment index attempting to measure “skittishness” in the markets.  Particularly at stock market opening in the US for the Dow. ...

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Stimulypto! How The Federal Reserve’s Stimulus Model Is Like A Block Of Sugar – Confounded Interest

confoundedinterest17 Agency MBS, Banking, Bernanke, Economy, Fed, GDP, Gold, Housing, Inflation, Jobs, Mortgage, Powell, Treasuries, Treasury, Uncategorized, Volatility, Wages, Yellen October 2, 2018October 2, 2018 1 Minute Following The Great Recession and the financial crisis, The Federal Reserve enacted their zero-interest rate policy (ZIRP) and started buying Treasury Notes and Agency MBS.  QE1, the first round of asset purchases by ...

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Hong Kong’s HIBOR Index Rises Most Since Financial Crisis (As Hong Kong USDUKG Nosedives) – Confounded Interest

confoundedinterest17 Bank of Japan, Banking, CRE, Credit, Currency, ECB, Economy, Fed, Housing, LIBOR, Trade, Treasuries, Treasury, Uncategorized, Volatility September 24, 2018September 25, 2018 1 Minute Hong Kong, with a stressed housing market with staggeringly high prices, just saw a surge in interest rates. (Bloomberg) — The Hong Kong dollar’s surge reverberated across the city’s money market on Monday, with interbank ...

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